Sienna Resources Inc.
Sienna Resources' Clayton Valley Deep Basin Lithium Brine Project is located in the deepest sections of the Clayton Valley Basin in Nevada, USA, the only producing lithium brine basin in North America.
The Clayton Valley hosts Albemarle's Silver Peak mine which is the only operating brine based lithium mine in North America. The Clayton Valley is one of the few locations on earth to contain commercial-grade lithium-enriched brine.
Considering Sienna's property is located in the deepest sections of the Clayton Valley Basin, Sienna is very optimistic about its planned future work program.
According to a Canaccord Genuity report issued May 17, 2016 “We forecast the lithium market to grow by 81% to 347kt lithium carbonate equivalent (LCE) by 2020, and by 259% to 687kt LCE by 2025, representing a CAGR of 14% across all demand sectors. We anticipate Li-ion battery-based electric vehicles (passenger vehicles & electric buses) to be a key driver of demand over the next decade, accounting for 38% of all lithium demand by 2025 (from ~6% in 2015). Similarly, we also anticipate significant demand for lithium from the grid storage sector, which we forecast will account for 13.6% of all demand by 2025.”
Clayton Valley Deep Basin Lithium Brine Project, Nevada
Sienna's Clayton Valley Deep Basin Lithium Brine Project is located directly between and bordering Pure Energy Minerals Limited and Lithium X Energy Corp. The Clayton Valley Deep Basin Lithium Brine Project is located in parts of the deepest sections of the only lithium brine basin with a producing operation in North America (Albemarle's Silver Peak Mine).
Pure Energy Minerals, which owns the Clayton Valley South project, has recently released an inferred resource of 816,000 tons of lithium carbonate equivalent on the Clayton Valley South project. According to the Pure Energy Minerals Limited website, “Geophysics shows that the same brine-bearing formations encountered during drilling (Pure) appear to extend to much greater depths within the basin.” Recently Pure Energy Minerals Limited signed a supply agreement with Tesla Motors Inc. to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit.
Jason Gigliotti, President of Sienna Resources Inc. stated, “We are pleased to be one of the few companies that have property within the only known lithium brine basin with production in North America. Saline brines are higher density than fresh or brackish water and therefore tend to sink. Based on this, management is optimistic regarding this project as we are located in the deeper sections of this basin. Sienna also currently has one of the smaller market caps of the public companies in the Clayton Valley. The lithium space has shown signs of explosive growth recently and shows little to no signs of slowing down. Lithium is one of the few sectors of the market that appeals to both the traditional resource investor and millennials, as Tesla has primarily created a global knowledge for lithium, therefore being a true crossover element. Management plans to commence operations on this new project shortly.”
Sienna has engaged GeoXplor who has the most intimate knowledge of Clayton Valley. The GeoXplor team has been instrumental with the development and discovery regarding the lithium brine deposit that Pure Energy Minerals Limited has, and Sienna looks forward to utilizing their experience and expertise to develop the Company's Clayton Valley Deep Basin Lithium Brine Project. GeoXplor has proven to be the preeminent Clayton Valley lithium brine discovery team.
John Rud, M.Sc. Geologist and a Principal of GeoXplor Corp. states that “We look forward to working with the Sienna team as their project is located in the deepest sections of the Clayton Valley Basin, the only producing lithium brine basin in North America, with no company to date, testing these deeper sections. Their (Sienna's) efforts in this regard are something we are very excited about”.
Esmeralda Lithium Project, Clayton Valley, Nevada
Sienna has also acquired the Esmeralda Lithium Project which is also located in the Clayton Valley of Nevada (April 15, 2016).
Jason Gigliotti, President of Sienna states, “Lithium is one of the most exciting arenas in mining today. It's a cross over element as it is not only understood by the established mining community, but also by millennials primarily due to the popularity of Tesla, therefore making lithium exploration appealing to a wide array of investors. This new prospect directly borders Lithium X Energy Corp and is in direct vicinity of Pure Energy Minerals Limited and Albemarle in the Clayton Valley which is the primary address for lithium brines in North America.”
Management and Directors
Jason Gigliotti, President and Director
Cindy Cai, Chief Financial Officer
John Masters, Secretary and Director
Greg Thomson, Director
Dennis Aalderink, Director
On September 8, 2017, Sienna Resources Inc. announced that it has renewed 60 lithium claims in Nevada. These claims lie directly inside of Pure Energy Minerals Ltd.'s Clayton Valley lithium deposit.
Sienna Resource Inc.'s President Jason Gigliotti will be presenting at the Prospector and Developers Association of Canada held at the Metro Toronto Convention Centre March 5-6, 2017. Sienna will be in booth 3044.
On September 15, 2016, Sienna Resources Inc. announced that it has now been cleared by Financial Industry Regulatory Authority (FINRA) and is fully quoted on the OTC Markets under the new symbol SNNAF.
Jason Gigliotti, president of Sienna Resources, stated: "We are now fully quoted on the OTC Markets. This will enable our U.S. shareholders to be able to see a live quote which will create far greater transparency on the trading. We have had a large amount of interest from individuals located in the United States since announcing our Clayton Valley Deep basin lithium brine project, and we felt it was prudent to have a full quote for those shareholders”.